JPMorgan trader "London Whale" leaves co -WSJ

July 13, 2012|Reuters

July 13 (Reuters) - Three employees from the chiefinvestment office of JPMorgan Chase & Co, includingBruno Iksil known as the "London whale", have left the bank, theWall Street Journal said citing people familiar with the matter.

The London-based employees - Achilles Macris, JavierMartin-Artajo and Iksil - as of Thursday, were no longer listedin the company's internal employment database, the businessdaily said.

Bets made by the three employees on certain corporate creditindexes led to just over $5 billion in losses in the secondquarter, the Journal said.

Iksil could not be reached for comment, and an attorney forMartin-Artajo and for Macris did not respond to emails, thenewspaper said.

All three worked for the Chief Investment Office, which wasrun by New York-based Ina Drew, who resigned in May.

JPMorgan is expected to reclaim compensation from all fourpeople, the daily said quoting people familiar with the bank.

JPMorgan could not be reached for comment outside regularU.S. business hours.